PayPal Holdings Inc (PYPL) - Get PayPal Holdings Inc Report is expected to report earnings of 68 cents a share on sales of $4.1 billion after the market closes Wednesday, based on a FactSet survey of 40 analysts.
In the same period a year ago the company posted earnings of 57 cents a share on sales of $3.7 billion.
The stock has risen 15.6% since the company last reported earnings on Jan. 30.
Quarterly estimates have risen less than 1 cent a share in the past month.
TheStreet's Eric Jhonsa noted in a recent Tech Check column that Venmo, a peer-to-peer payment system popular with millennials and GenXers, is poised to become an important growth driver for PayPal.
PayPal is currently trading at a price-to-forward-earnings ratio of 34.8 based on the 12-month estimates of 41 analysts surveyed by FactSet.
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